BNB is the native cryptocurrency of the Binance Blockchain. It powers all on-chain transactions on the Binance Blockchain and pays for the development of new tokens. BNB price is the fourth largest cryptocurrency by market cap, with 24-hour trading volume now currently at#4on CoinMarketCap, with a real-time market cap of $83,952,643,999. Its circulating supply is 147,586,708 BNB coins.
BNB Binance Coin Price As hopes rise after the Bitcoin halving in April this year, investors seek crypto assets with potential. Therefore, this article aims to provide you with important details about the Binance Coin price, especially its Binance Coin price prediction for 2024 to 2030.
Binance Coin price also has thriving indicators that influence the BNB market, its history, and what experts think about the future of the coin.
Binance Coin Price Prediction Summary
Most cryptocurrency analysts are optimistic about the promising future of Binance Coin price. If the SEC approves the Bitcoin spot ETF, Binance Coin price may reach a minimum price of $550 and a maximum price of $686 by the end of 2024. Binance Coin Price expects BNB to surge in 2025 with a price between $640 and $820. By 2030, Binance Coin price hits a yearly low and high of $800 and $1,000, respectively.
In 2017, the creators of the BNB token launched an initial coin offering (ICO) to raise funds for the advancement of the project. During the ICO, Binance offered 100 million BNB coins to the public at a price of $0.15 per share.
The success of the public sale attracted more investors to the project, increasing the value of its listing on cryptocurrency exchanges. BNB began trading in August 2017, and the price of BNB quickly touched the $1 price level and surged sharply, exceeding $10 in December 2017 due to increased adoption.
Notably, TradingView shows that in February 2021, the price of Binance Coin rose from $44.3 to $348.7, making a profit of 688% in one month. The bullish momentum continued, bringing the price of Binance Coin to a record high of $691.8 in May 2021.
However, the BNB price maintained a bearish market and dropped to a price of $183.40 between December 2021 and June 2022. In early 2023, the BNB price rebounded significantly, recovering the losses of the previous years.
Still, it could not sustain gains and plunged in May, maintaining a bearish trendline until October 2023. On October 19, BNB was trading at $209.97 at 05:23 AM EST.
By May 2024, the price of Binance Coin once again broke through $600.
Binance Coin Price History Price Key Points
The native token of Binance was sold at a price of $0.15 per token through a public sale. BNB was listed on the exchange in August 2017 and reached the price level of $1 within a few months. In December 2017, as the adoption rate grew, the price of BNB rose to over $10. Interestingly, the price of BNB surged significantly in February 2021, with an increase of 688%. Notably, the asset hit an all-time high of $691.8 in May 2021. The price of BNB will return to $600 in 2024
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BNB Price Prediction 2024– 2030
Binance Coin Price in 2024
The BNB token showed resilience to selling pressure, aiming to recover the losses encountered in 2022. However, in June 2023, the United States Securities and Exchange Commission filed a lawsuit against the Binance exchange, forcing the BNB token to plummet. Since then, the crypto asset has been struggling to surpass the price of $261.
Before the end of the year, we expect the SEC to approve a Bitcoin spot ETF for financial market institutions. This is a powerful catalyst on which the current resurgence of most crypto assets depends, including BNB. Therefore, when the Bitcoin ETF is approved in 2024, BNB will rise to the price level of $686, with a yearly low of $550.
Binance Coin Price Prediction 2024
BNB’s performance in 2023 could affect its market cap in 2024. However, the BNB price prediction for 2024 is entirely based on the upcoming Bitcoin halving event in April 2024. Historically, each Bitcoin halving has been accompanied by an increase in buying pressure in the global crypto market.
Therefore, with this expectation, the BNB price prediction for 2024 is optimistic, predicting that the coin will rise and hit a high of $686. Nonetheless, the yearly low for BNB could be $550 as the crypto market is highly volatile.
Binance Coin Price Prediction 2025
The BNB price prediction for 2025 is bullish as the coin is expected to continue its frenzy from the 2024 Bitcoin halving to 2025. Also, based on the prominence of the Binance network, it is expected to receive more partnership deals, which could increase the adoption, demand, and value of the BNB token.
Taking these expectations into account, the average price of the BNB token is expected to be $736. By 2025, it is expected to have a minimum of $640 and a maximum of $820.
BNB Price Prediction 2030
If Binance can comply with the terms and conditions of crypto regulators, its native token may still be valuable in 2030. Likewise, if the network continues to innovate its (DeFi) ecosystem, BNB may gain more recognition. It has already gained traction behind its blockchain services.
More useful innovations and new internal projects will be a big win for the network, positively impacting the value of BNB. Based on this, the average price of BNB is $900, with the lowest and highest prices of the year being $800 and $1,000 respectively.
Binance Coin price possible yearly highs and lows
Crypto experts predict Binance Coin price
Some analysts at Coincodex predict that BNB could surge significantly and reach a price level of $1,248.21 in 2024. But it could also record a minimum price of $505.32 before the year is over.
They again predict that the bullish momentum in the market could rise, placing BNB between $640 and $1,173.76 by 2025. By 2030, Coincodex predicts that the market cap of BNB will be around $732.47 and $1,065.75.
Crypto experts from the CryptoNewsZ team predict that the highest and lowest prices of BNB in 2024 may be $532 and $730, respectively.
By 2025, the team believes that BNB’s minimum price could be $692 and its maximum market value could be $840. In addition, experts predict that in 2030, BNB’s value could surge significantly, reaching a high of $2,296 and a low of $1,947.
DigitalCoinPrice predicts that BNB’s average price could reach $653.03 in 2024. DigitalCoinPrice also says that by 2023, the crypto asset’s annual high and low will be $965.16 and $1,189.37, respectively.
For 2025, DigitalCoinPrice shared that the minimum, average, and maximum prices of BNB could be $623.58, $713.93, and $764.91, respectively. Furthermore, it remains optimistic, predicting that BNB could reach a yearly high of $2,220.56 in 2030.
What is Binance Coin Price?
Binance (BNB) is a blockchain asset created by Binance in 2019 by Changpeng Zhao and co-founded by He Yi. However, BNB was originally launched on the Ethereum network, making it an ERC20 token, but it moved to its blockchain.
The token is exchanged 1-to-1 for an equal amount of BEP2 BNB-based tokens on the Binance blockchain. The cryptocurrency powers on-chain transactions, such as paying gas fees and the development of new tokens on its blockchain.
In 2020, Binance upgraded its blockchain and launched Binance Smart Chain, also known as BNB Smart Chain. Binance Smart Chain runs on Proof of Staking (PoSA), which enables it to execute faster transactions with cheaper fees than Ethereum.
The idea is to make it more scalable to compete with innovative contract platforms like Cardano and Ethereum. It processes around 100 transactions in a few seconds and runs smart contracts using unity programming.
It is worth noting that the maximum supply of the token is 200 million; 80 million tokens are reserved for the founding team, 20 million tokens are reserved for angel investors, and 50% of the entire token is sold to the public. Currently, there are about 150 million tokens in circulation, 50 million have been destroyed, and it is expected that there will be about 75 million tokens in circulation in the market in 2028.
What affects the market value of Binance Coin price?
The crypto market is influenced by many factors, including crypto regulations, market sentiment, SEC lawsuits, and more.
Demand and Supply
In any market, demand and supply are important factors that influence commodity prices. It also manifests itself in the crypto market. If the supply of BNB coins drops, its market will surge as demand for the asset increases. However, the opposite is true for the supply of BNB, which will cause its price to drop.
The latest projects in the crypto ecosystem
This is also one of the factors that influence the value of crypto assets, including BNB. Any valuable projects in the Binance network that can enhance the crypto industry are likely to have a positive impact on its value.
Market sentiment
Investor sentiment towards the crypto market can be either positive or negative, and its impact on the crypto value is directly proportional. BNB, as a cryptocurrency, is also strongly affected by this factor whenever it appears.
Crypto Regulation
Cryptocurrency regulation is one of the most important factors that every cryptocurrency investor considers when making an investment decision. Cryptocurrency is still a new technology and requires comprehensive regulatory guidelines to streamline market activities. These guidelines have created a major setback for the mainstream adoption of crypto assets.
However, if the industry covers this milestone, BNB will likely benefit from greater adoption by institutional investors, pushing its price higher?
in conclusion
BNB coin belongs to the vibrant blockchain owned by Binance, the world’s most famous cryptocurrency exchange. Since its creation, the token has gained widespread adoption in the crypto market and has achieved impressive performance.
The BSC network has laid a solid foundation for continued growth and development, which may increase the utility of BNB in the coming years. Based on these factors and the expected improvement in the regulatory environment for cryptocurrencies, our BNB price prediction shows that Binance Coin will grow significantly.
By 2030, BNB could rise above $1,000, with higher highs in the long run.
